Germany’s ThyssenKrupp AG said Tuesday it raised its bid for Canadian steelmaker Dofasco Inc. to $4.2 billion, matching the latest competing offer from steel rival Arcelor SA.
Both bidders are now offering $54.23 per share, or a total of $4.2 billion, in cash for Dofasco, which is a major supplier to U.S. automakers. Dofasco reiterated its support for the German company’s latest bid on Tuesday.
